Why?
Managers and ETF and Mutual Funds are and will be mangled by HFT. Kass has been warning for a while over at thestreet.com, on Bloomberg, and CNBC.
Pay attention! Doug Kass lays out this huge risk, again
Revenge of the Nerds
Aug 6, 2012 | 7:46 AM EDT
I sure wish that our inert and inattentive SEC and other protective regulatory bodies would read this and react before it is too late.
I am afraid we have seen only the tip of technology’s iceberg and its potentially adverse impact on our markets.
The worst is probably yet to come.
The machines giveth, and the machines taketh away.
Kill (and supervise) the quants and technology before they kill us…..Doug Kass